Expertise: Financial Services

New OJK Circular Sets Reporting Standards for Pension Funds in Indonesia

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As part of the implementation of Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) Regulation No. 21 of 2024 on the Periodic Reporting of Pension Funds (“OJK Reg. 21/2024”), the OJK has issued Circular Letter No. 11/SEOJK.05/2025 (“CL 11/2025”) regarding the Form and Structure of Periodic Pension Fund Reports. CL 11/2025 provides further guidance … New OJK Circular Sets Reporting Standards for Pension Funds in Indonesia

Key Takeaways from Indonesia’s New OJK Rules on Influencer Marketing by Securities Firms

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As part of its ongoing effort to modernize and consolidate the regulatory framework for securities companies, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued OJK Regulation No. 13 of 2025 on Internal Control and Conduct of Securities Companies Engaged in Business Activities as Securities Underwriters (Penjamin Emisi Efek or “PEE”) and Security … Key Takeaways from Indonesia’s New OJK Rules on Influencer Marketing by Securities Firms

Indonesia Sets Out E-Mediation Framework for Commodity Futures Disputes

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Indonesia’s Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi or “Bappebti”) recently issued Circular Letter No. 209/BAPPEBTI/SE/06/2025 regarding the Implementation of Electronic Mediation at the Futures Exchange to Settle Customer Disputes in the Commodity Futures Trading Industry, dated June 17, 2025 (“CL 209/2025”). CL 209/2025 serves as a technical implementation of Article 17 … Indonesia Sets Out E-Mediation Framework for Commodity Futures Disputes

Reporting Timelines for Indonesia’s Fintech Innovators: New Deadlines Under OJK Circular Letter 4/2025

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To align with the implementation of OJK Regulation No. 3 of 2024 on the Implementation of Technological Innovations in the Financial Sector (Inovasi Teknologi Sektor Keuangan or “ITSK”), Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued Circular Letter No. 4/SEOJK.07/2025 regarding the Reporting Obligations of Licensed ITSK Providers (“OJK CL 4/2025”). OJK CL … Reporting Timelines for Indonesia’s Fintech Innovators: New Deadlines Under OJK Circular Letter 4/2025

SSEK Founding Partner Takes Leadership Role in Indonesia Financial Law Association

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SSEK Law Firm founding partner Ira A. Eddymurthy has been appointed to the Honorary Council of Indonesia’s Financial Sector Legal Consultants Association (Himpunan Konsultan Hukum Sektor Keuangan or HKHSK)  for the 2024-2027 term. This prestigious appointment reflects Ira’s expertise and dedication to upholding the highest standards of professionalism in Indonesia’s financial legal sector. The HKHSK … SSEK Founding Partner Takes Leadership Role in Indonesia Financial Law Association

Strengthening Indonesia’s Financial Sector: Key Impacts of OJK Regulation No. 40/2024 on IT-Based Co-Funding Services

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On December 24, 2024, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued a regulation aimed at improving the oversight and operational framework for peer-to-peer (“P2P”) lending platforms in the country (“P2P Organizers”). This new regulation is OJK Regulation No. 40 of 2024 regarding Information Technology-Based Co-Funding Services (“OJK Reg. 40/2024”), which supersedes OJK … Strengthening Indonesia’s Financial Sector: Key Impacts of OJK Regulation No. 40/2024 on IT-Based Co-Funding Services

Deadline Looming as New BI Regulation Requires Payment System Providers in Indonesia to Allocate Human Resources Development Funds

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On July 9, 2024, Indonesia’s central bank, Bank Indonesia (“BI”), issued a regulation setting out a framework to harmonize the development and implementation of competency standards in the field of payment systems. BI Regulation No. 5 of 2024 regarding the Standardization of Competencies in the Payment Systems Field (Standardisasi Kompetensi di Bidang Sistem Pembayaran or … Deadline Looming as New BI Regulation Requires Payment System Providers in Indonesia to Allocate Human Resources Development Funds

Fintech – Indonesia

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SSEK Law Firm partner Winnie Yamashita Rolindrawan and associate Pasha Umar Hubeis have contributed the Indonesia chapter to the Lexology Panoramic: Fintech 2025 practice guide. Fintech – Indonesia provides local insight into fintech innovation and government/regulatory support; regulatory bodies and regulated activities; cross-border regulation; regulation of sales and marketing and of changes of control; financial … Fintech – Indonesia

New OJK Regulation on Technological Innovation in Indonesia’s Financial Sector

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To help regulate Technological Innovations in the Financial Sector (Inovasi Teknologi Sektor Keuangan or “ITSK”), Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) recently issued OJK Regulation No. 3 of 2024 dated February 16, 2024, regarding the Implementation of ITSK (“OJK Reg. 3/2024”). This is an implementing regulation for Law No. 4 of 2023 … New OJK Regulation on Technological Innovation in Indonesia’s Financial Sector